Maharashtra, India -- The global industrial Internet of Things (IIoT) market is expected to reach $232.15 billion by 2023, increasing at a compound annual growth rate (CAGR) of around 8.06% between 2018 and 2023, according to a report published by Zion Market Research.
The IIoT ought to be comprehended as a subset of the more extensive IoT, where connections exist essentially to create physical goods for commerce and maintain the physical assets of production. The idea of the IIoT applies the possibility of the idea of broad-spectrum Internet connectivity to specific business objectives and processes that make physical products for business sectors.
IIoT's ability to reduce manufacturing costs has been an important factor in its growth. Energy and the cost of power play a major role in manufacturing and distribution costs. Through smart technology and sensors, the IIoT can cut back the overall cost of manufacturing and distribution cost. The growing need for cloud integration, big data analytics, robotics and automation further drives global demand for IIoT solutions.
As the cost and complexity of automated tasks decrease and the emergence of real-time supply chain information in transportation and logistics industry increases, the IIoT can give access to real-time supply chain data by tracking materials, equipment and items as they travel through the production network. However, security-related issues coupled with big data and artificial intelligence may limit growth of IIoT.
The industry organization's major initiatives will address broadband differentiation based on quality of experience, global test labs for services, 5G, multi-access strategies and more, say CEO Robin Mersh and CMO Geoff Burke in an interview with BBWN.
After NTIA asked for public comments on map improvements in October 2018, the FCC decommissioned the agency's broadband map in early December but did not say whether it will use any of the public's great ideas on its own (largely panned) map.
Mike Zeto, GM of AT&T's Smart Cities division, expects metro areas to adopt platforms to manage multi-departmental IoT solutions once internal processes are aligned and more agencies are involved in smart city applications.
Consumers are buying millions of IoT devices, from smart thermostats and security systems to intelligent entertainment setups and furniture. Yet many of these devices remain isolated because home users are uncomfortable connecting them to each other – or even their WiFi. After all, their WiFi network was probably designed only to handle a few laptops, a gaming system and a couple of smartphones. Now, demand on the network is surging and even though you're delivering 100 Mbps to 1 Gbps, that doesn't necessarily mean the broadband power is in the right place or reaches every corner of a home.
Even if WiFi coverage is sufficient, typing is not on trend. Voice is far more natural, easier and faster. Using a TV keyboard is archaic when more and more households have access to cloud-based voice services, like Amazon Alexa. This webinar will explore how service providers can create a comfortable, truly smart home for consumers – simultaneously driving up margin and loyalty.
Tune in to Broadband World News Radio on Thursday, November 1 at 8 a.m. PT, 11 a.m. ET, 3 p.m. UK as Ronan Kelly, CTO, EMEA & APAC Regions at ADTRAN, explores the five pillars of network integrity -- a topic he discussed during his recent Broadband World Forum keynote. Register now!